If you've been on the fence about building a new home, now's the time to take advantage of historically low interest rates and construction costs. Typically, if one is high, the other is low, but what we've been seeing as of late is pretty unusual in that BOTH have been low for some period of time. Combine those factors with the benefits and energy efficiency of a new home, and you've got a lot value there. As of June 1st, we will be seeing an increase in construction costs. (So if you have that contract in front of you...SIGN IT!) Of course, if you are considering building in the future and you can't get started before June 1st, you might see this as a negative. Not so! This is a good thing, folks! It means our economy is chugging back to life. It means our suppliers are feeling confident enough to pass their increases on to us. And of course, it means that Jimmy Nash Homes will continue to the best value in town. CNBC predicts that new home costs will increase 3-5% before the end of the year, with an 11% increase in 2011. Will 11% make a difference in the cost of a new home? Absolutely! So the time to build is now. And of course, give me a call if you have any questions. I'd love to help you get started on your new home!
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